Podcast appearances and mentions of Steve Keen

Interview recorded - 15th of March, 2025On this episode of the WTFinance podcast I have the pleasure of welcoming on Dr Steve Keen. Steve is a critically acclaimed economist who is looking to debunk traditional economics. During our conversation we spoke about the current state of the global economy, why economists have everything wrong, why Trump should not be cutting the deficit, what this will lead to and more. I hope you enjoy!0:00 - Introduction1:19 - Overview of global economy3:24 - Why is cutting the deficit wrong?6:26 - Government spending sustainable?20:19 - UK poor example21:01 - Best deficit?23:46 - Interest rates not an issue30:31- Financialisation39:46 - One message to takeaway from our conversation?Steve Keen is an Australian economist and author. He considers himself a post-Keynesian, criticising neoclassical economics as inconsistent, unscientific, and empirically unsupported.Keen was formerly an associate professor of economics at University of Western Sydney. In 2014, he became a professor and Head of the School of Economics, History and Politics at Kingston University in London. He has since taken retirement and is crowd source funded to undertake independent research as well as being a Distinguished Research Fellow at the Institute for Strategy Resilience & Security, University College London.Steve Keen - YouTube -  @ProfSteveKeen  Substack - https://profstevekeen.substack.com/Website - https://www.stevekeenfree.com/free-book7X - https://x.com/ProfSteveKeenWTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

This week, we talk industrial policy. Economist and author Steve Keen joins me to shine light on the present moment by exploring the historical use of tariffs and industrial policy in the development of industrial powers from Britain to China. In his usual style, Keen aims to dismantle the myths of free-market economics, explaining how virtually every successful industrial nation began with protectionist policies. With the US now engaged in a trade war with Canada and other nations under Trump's renewed tariffs, we examine whether such measures can effectively rebuild American industry without the comprehensive industrial policies that powered China's meteoric rise. Hint: Keen believes this simplistic tariff solutions may create more chaos than revival for America's industrial base.

Welcome to Soar Financially! In this episode, we're joined by Professor Steve Keen, Author of New Economics Manifesto, renowned economist and expert in monetary systems, for a compelling discussion about the hidden mechanics of our global financial system and what it means for investors. If you're curious about the interplay between private debt, government spending, and the real drivers of economic growth in an era of policy missteps and financial risks, this interview is a must-watch.#economy #financialmarkets #gold ------------

Steve Keen, economist and author, joins me to explain how modern economics has catastrophically misunderstood the role of energy in our world and underestimated the risks of climate change through oversimple models. In this in-person conversation, we discuss the evolution of economic thinking since feudalism, the shortcomings of prevailing economic models, modern monetary theory, the role of state capitalism in funding large infrastructure projects, and much else. Tune in! -- Support Decouple: https://www.decouple.media/

Steve Keen is an Economist and Honorary Professor at University College London and is currently lecturing at the University of Amsterdam. In this episode, Steve explains the differences between neoclassical and post-Keynesian economics before discussing how concepts from complexity science and chaos theory can be used to develop economic models that actually factor in booms and busts. Resources and links: Steve Keen on Substack Steve Keen on Patreon Ravel on Patreon Connect: Simplifying Complexity on Twitter Sean Brady on Twitter Sean Brady on LinkedIn Brady Heywood website This show is produced in collaboration with Wavelength Creative. Visit wavelengthcreative.com for more information.

EP 358 - We revisit our first chat with Steve Keen - author, friend of the podcast and the first economist to warn of the 2008 financial crash. Appropriately, given the COP29 was all about the money, we chat about how economists have totally trivialised the dangers of the climate crisis, and what that might mean for humanity.We also discuss why trade unions are a good thing for the economy and why corporate behaviour in the UK would be better if we followed Germany's model.Chapters:00:00 BWB with Prof. Steve Keen01:19 Meet Steve 03:21 The Frustration of Predicting Crises05:16 Climate Change and the Ozone Layer14:55 Trade Unions and Economic Theory18:46 Government's Role in Society22:57 Brexit and Business Bullshit26:58 Quickfire - Get to Know Steve28:39 Getting Fired and Office Politics31:45 Inspirational Teachers and Economics33:18 Critique of Economics and Climate Change37:08 Career Reflections and Advice43:31 Business or Bullshit Quiz!47:56 Pitching Ravel and Final Thoughtsbusinesswithoutbullshit.meWatch us on YouTubeFollow us:InstagramTikTokLinkedinTwitterIf you'd like to be on the show, get in contact - mail@businesswithoutbullshit.meBWB is powered by Oury Clark

bto#267 – Deutschland steckt in der Krise. Ursächlich dürfte neben der schwachen Konjunktur in China und der zunehmenden Deglobalisierung vor allem der Energiepreisschock sein. Auf bis zu acht Prozent der Wirtschaftsleistung wird der Verlust durch Corona und gestiegene Energiepreise geschätzt. Angesichts der entscheidenden Bedeutung von Energie für die Erwirtschaftung von Wohlstand besteht ein dringender Handlungsbedarf, die Energiekosten deutlich zu senken. Im Expertengespräch zu diesem Thema: Der Physiker und Volkswirtschaftler Dr. Tom Krebs. Er ist Professor für Makroökonomik und Wirtschaftspolitik an der Universität Mannheim.HörerserviceDie Studie von Bachman et.al finden Sie hier.Den Text von Steve Keen finden Sie hier.Die Studie zur Bedeutung von Energie für das BIP finden Sie hier. Das aktuelle Buch von Tom Krebs finden Sie hier.Neue Analysen, Kommentare und Einschätzungen zur Wirtschafts- und Finanzlage finden Sie unter www.think-bto.com. Den monatlichen bto-Newsletter abonnieren Sie hier.Sie erreichen die Redaktion unter podcast@think-bto.com. Wir freuen uns über Ihre Meinungen, Anregungen und Kritik.ShownotesHandelsblatt – Ein exklusives Angebot für alle „bto – beyond the obvious – featured by Handelsblatt”-Hörer*innen: Testen Sie Handelsblatt Premium 4 Wochen lang für 1 Euro und bleiben Sie zur aktuellen Wirtschafts- und Finanzlage informiert. Mehr erfahren Sie unter: https://handelsblatt.com/mehrperspektiven Werbepartner – Informationen zu den Angeboten unserer aktuellen Werbepartner finden Sie hier. Hosted on Acast. See acast.com/privacy for more information.

This week jD is joined by Kyra from the cornfields of Western Illinois to discuss both her Pavement origin story as well as her perspective on track 19. Transcript:Track 2:[0:00] Previously on the Pavement Top 50. Blackout. So what do you think, Jessica, from Ann Arbor? I think it is a very solid Pavement song. Yeah. Like, I think it belongs in the top 20 to 30. Okay. Because, I don't know, it hits all the right Pavement beats. Hey, this is Westy from the Rock and Roll Band Pavement.Track 3:[0:27] And you're listening to The Countdown. Hey, it's J.D. here, back for another episode of our Top 50 Countdown for Seminal Indie Rock Band, Pavement. Week over week, we're going to count down the 50 essential Pavement tracks that you selected with your very own Top 20 ballots. I then tabulated the results using an abacus, six taquitos, and a bottle of bismal. How will your favorite songs fare in the rankings? Rankings you'll need to tune in to find out so there's that this week i'm joined by pavement superfan kyra from the cornfields of western illinois illinois illinois how the fuck is it going my friend it's uh pretty fucking great thank you for asking all right well um let's let's not beat around the bush let's get right into this let's talk about your pavement origin story.Track 3:[1:27] Okay um i got into pavement in the early 90s um i um graduated high school in 1994 so that was the year oh cool all right so um so you know um yeah i was 18 years old i was getting ready to graduate high school and um i'd been hearing about pavement you know and like spin and stuff magazine spin magazine and stuff like that and it sounded cool but here in the middle of fucking nowhere cornfield um they just didn't have everything you know or um you know just things were slower to get here maybe yeah stuff like that um but it's a it's a small town western illinois i lived in a town of 800 people 801 people and um i'm right now i'm in the college town that's not far from there which is a town of like 20 000 i think okay western illinois University and that's where I live now and that's where I kind of grew up around here and ended up back here but so anyway I was a teenage kid and I was into Nirvana and Pearl Jam Soundgarden all that all that stuff Alice in Chains but I was also getting into cool stuff I had a really cool curiosity I think you know I was into uh Dinosaur Jr. I was getting into Sonic Youth and uh.Track 3:[2:43] Sugar, The Replacements, REM, Morphine, just stuff like that. I think I was getting into alternative type music. And I was also really getting into Bob Dylan around that time. Oh, wow. That's pretty diverse.Track 3:[3:00] So Pavement kind of clicked with me. I got that CD called No Alternative. It was a compilation. It had a bunch of cool bands. It had a new Nirvana song on it. I think that's why I wanted to get it, because it had a cool Nirvana. A new hidden track on it or something like that um but the pavement song was really cool it was unseen power of the picket fence which is that weird rem kind of tribute not one of their best tunes but it's fun and it's cool and it introduced me to their how goofy and uh quirky and there's there's their sound and stuff like that right right so and i thought that's cool i like that filed it away maybe, hip-pocketed it. But then I got off work. I worked at the Hardee's here in town, the fast food restaurant. I got off work, went home, and I turned on my little black-and-white TV I had in my room and watched the end of the Jay Leno show. And he had pavement as his guests on his show, and I just, they played Cut Your Hair. Yeah. And it was, I just thought, I fell in love right there. I was like, this is the coolest thing I've ever heard.Track 3:[4:17] And... And you're not wrong. Yeah, right? And it was around that time where Kurt Cobain died, too. And I was a big Nirvana fan. And shit was just really serious and heavy and kind of depressing. I was listening to a lot of Pearl Jam and Nirvana and Soundgarden and Alice in Chains. And everybody was a junkie and everybody was depressed. And pavement was a cool thing to come across around that time when I was an 18-year-old impressionable youth. because it wasn't really like that. It was fun, but it still felt very urgent, I felt. Their music felt vital and urgent and had a lot of depth and meaning for an 18-year-old kid, I think. Yeah. So it was a good breather from that serious stuff I've been listening to, and I was just instantly in love with that. And my friend, I think I went to school a couple days later, and my friend's like, hey, I bought that pavement tape that you told me about on Jay Leno or whatever. And he loaned it to me, and it was Crooked Ring, Crooked Ring. And of course, that's the greatest album ever made. So that was a pretty big one to get and get into. And I fell in love with that instantly, all those great songs. Songs, you know, Gold Sound, Silent Kid, Fillmore Jive, Ranged Life.Track 3:[5:47] Every song on that one's a banger, right? It's a masterpiece. Yeah, so I got into that. I was like, well, I got to go get more of this. So I came over here to the record store. We used to have four record stores in this town. Now we have zero. Oh, shit.Track 3:[6:02] Sucks but um anyway there's uh i came over here and bought the i saw another pavement cd and it was uh watery domestic chicken on the cover and that that's also the greatest thing ever made the greatest ep ever made i guess the greatest album ever no argument from me right and this was all within like maybe a few weeks a week or a week of each other and i just loved that i thought that was the best best thing i'd ever heard um and yeah i was just in love with paper after that And I was like, this is my band. You found your band. Yeah. And I eventually, over the next few months, started getting the other stuff. I got that Westing, which I don't know if you can see it back there, my little Steve Keen of the Westing cover. A friend gave me that. She bought it down from him in Oklahoma. But anyway, that's a great, that's a cool collection of tunes. And I was like, introduced me to their early stuff, which I thought was pretty cool. But I really like what they were doing currently more, you know, yeah, they're crooked rain stuff and you know And then I started just buying everything I could get from pavement and then I heard slanted enchanted I'm like, holy shit. This is also the greatest album ever made. So Yeah, yeah all that stuff. And then wowie zowie came out like maybe a year later, you know It wasn't very long and that one was pretty amazing too little little more of a head fuck than the other ones which is I.Track 3:[7:27] Awesome you know and i just a big fan ever since um did you convert people as well i tried you had like so that you had some sort of echo chamber to be talking about this or were you isolated with your fandom um well that's a good question because my friends some of my friends kind of dug when i dug pavement and when i played it for them but i don't think they were they clicked with it like i I did, where they were totally in love with it, but they enjoyed that album, Crooked Rain and Crooked Rain. I think I might have played them something off Debris Slide or something like that. I don't know about this one, but I remember that. I actually joined the Navy right after I graduated high school and found out in the Navy that nobody liked pavement or heard of pavement.Track 3:[8:18] I hardly met anybody. buddy um but i was traveling a lot and i would go to different towns to different record stores and find the find different pavement things so that was kind of fun and i would try to turn people onto it and it didn't really click very much i converted a few people though over the years i guess i had a roommate have people to talk to about it right yeah i had a roommate who was a drummer and i played him uh watery domestic i think and he was just blown away by the drumming I think that's Gary Young, right? Doing the crazy drumming on that one. Yeah, the drumming on that was Texas Never Whispers is so cool. And he was pretty blown away by that. He's like, this drumming is so different and not your typical drumming, I guess. So I converted a few people here and there over the years. Did you ever manage to see them live?Track 3:[9:08] I did, yeah, finally, two years ago. Oh, cool. I saw them at the Chicago Theater. Yeah, good venue? They were so good. It's a classic venue, but it's not my preferred type of venue to see them in, but it was a beautiful place, and I was seeing the greatest band ever there. They sounded really good. They sounded so good on that. Yeah, they were great. So um i saw that i saw um steven malchemist and the jicks also when they first went on tour in like 2001 and that was a really cool show yeah yeah um bob was driving the rv and uh selling t-shirts really it just seemed really like a cool little tour um i think steven's um malchemist's girlfriend was in the band kind of for a while there um and she was kind of like doing background own vocals and stuff like that so it was kind of a fun gig um yeah i saw him on the pig lib tour.Track 3:[10:13] Uh but i didn't make it out i don't i wonder where he would have played here for pig lib he played at a bar called lee's palace which is like just a great venue to you know just yeah he's into and i like those be with your people right i would rather do that than be at the show the Chicago theater but um this was at the metro where I saw in Chicago which is a it's kind of the cool venue in Chicago where all the cool bands play but um and I'm from small town it's three hours to Chicago for me a three or four hour drive um and you know it's scary in Chicago because it's hard to drive and traffic and stuff like that but that's why I didn't go to a lot of shows when I was a kid.Track 3:[10:56] Just because I'm a hillbilly and uh I um didn't make it to see them when I when I would have loved to have seen them when they were at Lollapalooza or playing small clubs and stuff like that, touring behind Slanton and Enchanted. But no, I just kind of didn't get the chance to actually see them. I remember actually my now ex-wife bought me tickets to see them just on a whim. I told her I wanted to go see them in New York when they first reunited, like the reunion in 2010. 2010, I guess it would have been. Yeah, and she actually bought tickets, but we ended up going to Jamaica and getting married instead around the same time, so I had to cancel that. I mean, that's kind of a bust.Track 3:[11:45] So I kind of missed the opportunity there, I guess. But yeah, I've just been a huge fan ever since. I always felt like all of their album releases were like an event. And I remember hanging out like when I was stationed in Texas, hanging out with some friends when Bright in the Corners came out.Track 3:[12:08] Playing it for them, and they actually really liked some of the songs on it. I remember, like, Stereo and Shady Lane and stuff like that. I thought that stuff could have been a hit. I was like, this stuff's going to be a hit, guys. And they're like, yeah, sure. And, of course, I'm always wrong. I was always wrong about that. I'm actually a radio person. I used to run the alternative rock station here in town when they had one, and I was always a champion of pavement.Track 3:[12:32] I do have a funny story, I guess, kind of funny. So I worked for the radio station here in town. there's like this local group of six radio stations yeah um and i was the um i ran the alternative station i was the music director and the dj there and then uh also was like the classic morning classic rock morning show person and um also the news kind of a news person too i just kind of did a lot of things jack of all trades or whatever but um our little station group got bought out by this uh corporate butthole hedge fund dude came down and bought the stations and then fired all the people basically but um they kind of kept me around for a couple months and i learned how to they talked told me i had to do the news so i was the news director and i had to make news stories and stuff like that which not much of a journalist but i was doing i was trying but um eventually they had they were going to fire me too and they did and i knew they were going to fire me so i did not go out without a fight and i um made this news story about how oh, the new owner was a butthole and all this stuff. But, you know, I still had like two something minutes left on my newscast.Track 3:[13:40] So I play, I'm like, oh, and here's pavement, gold sounds. And then I put gold sounds in there. And then I broadcast that out the rest of the day. They fired me across the whole area on all six of their stations. And so that went out and I exposed people to pavement and made my little...Track 3:[14:03] Snide remarks about the the butthole uh guy who bought the stations and fired everybody and, it was uh it was a good feeling you played gold sounds yeah yeah i just i just thought that was a good it was it was a good length i think it's it's it might be my favorite of their songs i i don't know what i don't have i don't think i have a favorite but i have many but um yeah that Very nostalgic. Yeah, it is. Yeah, it's just got that feel. Yeah, just something wistful about it, I guess.Track 3:[14:37] But, yeah, that was... Do you have a go-to record at this point? Like, do you have one that you'll put on, you know, when you're feeling pavement-y? Or does it depend on a specific mood? It's definitely a mood thing. It seems like Wowie Zowie is always getting played around here a lot for some reason. Um because that one's that one's big it's like the white album kind of you know favorite albums so it's a big long one with uh different moods and stuff like that and i kind of it's kind of how i am a moody person so i like the roller coaster ride of that one and i like the kind of woozy sound of a lot of the songs on that one i think it's just this beautiful sounding record and.Track 3:[15:20] Um, it's got songs I don't like on it, even like a couple that kind of, I find a little more jarring, but, uh, it's still the one I've been listening to the most, I guess. But I, um, the first three, I think are, you know, the greatest albums ever made. And, um, I like the other ones also. So I have those ones on vinyl. I don't have the last two albums on vinyl and I play a lot of vinyl. So I guess that's why I, um, but my kids are into it too. That's kind of cool. They've, uh, tick tock was the harness your hopes thing. I heard my kids listening to it and I was like, Whoa, that's so cool. And they, uh, they would like, I had a t-shirt and didn't fit me anymore. So they would, they would fight over the t-shirt. They had a couple of daughters.Track 3:[16:10] Yeah. Right. But they, uh, they did. I tried to get them a little deeper into it, but they, they know harness your hopes. Which is cool and uh i was like why what does this mean my daughter said it's for a fit check i'm like what the heck is a fit check it's like an outfit showing off your outfit yeah i didn't know that it's been around yeah yeah so that's it's over my head too i'm 50 years old yeah, so i think that's pretty cool and then i've they've gotten into it it's cool seeing younger kids get into it i see it every once in a while i see somebody who's considerably younger than to myself almost in my kids age and getting into Pavement I'm like that's good it means it's I was right this whole time you know about this great band justice.Track 3:[16:55] Exactly well Kyra what do you say we flip the record and get into track number 19.Track 3:[17:08] Okay alright we'll do that right after this.Track 3:[19:46] This week, we're going deep on Box Elder. How are you feeling about song number 19, Kyra, from the COWI? I fucking love Box Elder so much. It's a great song. It's one of the earlier Pavement songs. I think it's a very early Pavement song. Say it's, you know, song number one. Yeah, yeah, exactly. Which is cool. And it's one that really holds up, I think, too. So I was saying, if you're just joining us, I got into Pavement in 1994 at Crook and Rain, and it was awesome. And then I got Watery Domestic, and then I think a few weeks later, I got the Westing collection of tunes. And yeah, I just remember that one, immediately liking that song.Track 3:[20:37] One thing I like about it is it's got a twee kind of twee element to it almost like a beat happening or something like that, like K Records Calvin Johnson kind of sound which I didn't really know much about then but when I hear it now and there's also something R.E.M. About that guitar riff on that I agree with you there Early R.E.M., for sure. Yeah, and I know that it was a big influence on them. And I'm a huge R.E.M. fan now. So there's that. And that song, I actually had to look this up, but it said that it's a true collaboration between the two, Stephen and Scott. Spiral, yeah. Yeah, they kind of just, it was his riff, I think, and then Malcolm Husky wrote the lyrics and sang over it. And they didn't really write songs like that before or after. It's kind of one of the only ones that was like really a collaboration like that, I guess. Very. I mean, I think they were all collaborations in one way or the other, but...Track 3:[21:42] Yeah, for sure. On that tune. I love the lyrics of the tune. I love the meaning of it. I'm from Vermont, Illinois. Vermont IL, population 801. And Box Elder MO is just, I'm going to head to Box Elder MO. It's just he's going to head to some hillbilly ass town in Missouri. It's kind of what that's what i got out of it anyway um but being from a small town and being somebody who's different i'm a transgender woman um i didn't know it then but it's something i've always felt and it's something i still feel and getting hearing that line i've got to get the fuck out of this town meant something back then and recently maybe in the last couple years that tune is really everyone's like man i really love this song because i love that line i've got to get get the fuck out of this town because i was living in this other small town nearby which is just very, bigotty town and i was ready to get the fuck out of there so i'm glad to be out of that town um had to get the fuck out of that town and come over here to yes box elder love that that it means box elder yeah it's got some deep deep meaning um i think and uh yeah i'm in a place where there's I was in the town, there's not a lot of pavement fans, you know?Track 3:[23:02] So get the fuck out of this town. So yeah, it's a cool song. I think their sound and their songwriting improved significantly after that. But as an early tune, I think it's definitely one of their best. And it's one that definitely means something to me, I think, for sure. Love that song. Love Box Elder. It's a good one. What do you think about where it landed on the countdown, number 19?Track 3:[23:33] That's actually perfect. Do you think it's a fair spot for it? Yeah. I guess, yeah. I think it's a perfect spot. I mean, considering they made so many other great songs and that they really improved on their sound after that, but also as an early tune and they're finding their sound, I think that was definitely one of the most important songs in there.Track 3:[23:56] In their canon of awesome tunes. Well, really, I mean, if you think back, this song was covered by Wedding Present and played by John Peel. And I wonder if John Peel hadn't got his hands or mine wrapped around pavement. Like, they are so huge in the UK. Yeah. And it just makes me wonder what, you know, what would have happened had they not had access to you know john peel it would have been very interesting but so that's how he got into them through wedding presents cover that's how uh my memory is so shit but i feel that sounds yeah okay yeah if i'm wrong send me an email jd meeting malcolmus at gmail.com new email address everybody well kyra it's been good talking to you today from uh western illinois and uh talking about box elder i enjoyed myself i hope you enjoyed yourself and um that's about what we have to say do you have anything you want to plug.Track 3:[25:04] Um no i mean i i host a i host a folk uh alternative country americana radio show on tri-states public radio every sunday night at seven o'clock if people are into that sort of stuff um but uh that's what i do but nothing to plug i'm just here to talk about pavement.Track 3:[25:25] Love it i love the show it's a it's great show keep up the good work oh thanks that means a lot for real that's what i gotta say this week and uh we'll be back next week with song number 18 we are in the thick of the top 20 my goodness wash your goddamn hands.Support this podcast at — https://redcircle.com/meeting-malkmus-a-pavement-podcast/exclusive-contentAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

EP 321 - Steve's in the seat this week with a paddle in hand telling whether he thinks our quiz terms are business or just plain BS - family businesses, business plans, Boeing's decline and thought leadership all get a good rinseChapters:00:00 Business or Bullshit with Dr. Steve Keen00:30 Family Business: Good or Bad?01:18 The Reality of Business Plans02:39 Golden Parachutes and Retirement03:26 Climate Change - Good For Business?05:49 Financial Regulation and Its Flaws08:05 Oligopoly and Market Dynamics09:59 Final Thoughts on Thought Leadership10:26 Wrap Upbusinesswithoutbullshit.meFollow us:YouTubeInstagramTikTokLinkedinTwitterIf you'd like to be on the show, get in contact - mail@businesswithoutbullshit.meBWB is powered by Oury Clark

EP 320 - Steve is a professor, a world leading critic of neo-classical economics, and a major contributor to the development of an alternative monetary approach to economics. We discuss the urgent need to debunk mainstream economic theories, particularly those ignoring climate change and energy integration, and advocate for substantial paradigm shifts in addressing these issues. Steve introduces Ravel - his innovative software revolutionising data analysis. He also emphasises the need for more engineers and scientists in leadership roles, supporting his arguments with personal anecdotes and reflections on his experiences and ambitions.Chapters:00:00 BWB with Dr Steve Keen01:08 Climate Change and Economics01:43 Introducing Ravel: A Revolutionary Software03:21 The Problem with Spreadsheets04:29 The Complexity of Economic Systems08:56 The Role of AI in Data Analysis16:29 Flaws in Economic Surveys and Data Collection19:13 The Greek System of Sortition and Modern Politics30:59 The Paradigm Shift in Science and Economics44:41 The Financial Crisis and Economic Theories48:17 Shifting Expectations and Risky Investments48:47 Current Economic Cycle and Private Debt49:32 Neoclassical Economics and Interest Rates51:28 Inflation and Markups52:40 The Ignored Problem of Private Debt01:22:19 China's Economic Approach and Global Comparisons01:24:40 Wrap Upbusinesswithoutbullshit.meFollow us:YouTubeInstagramTikTokLinkedinTwitterIf you'd like to be on the show, get in contact - mail@businesswithoutbullshit.meBWB is powered by Oury Clark

******Support the channel****** Patreon: https://www.patreon.com/thedissenter PayPal: paypal.me/thedissenter PayPal Subscription 3 Dollars: https://tinyurl.com/ybn6bg9l PayPal Subscription 5 Dollars: https://tinyurl.com/ycmr9gpz PayPal Subscription 10 Dollars: https://tinyurl.com/y9r3fc9m PayPal Subscription 20 Dollars: https://tinyurl.com/y95uvkao   ******Follow me on****** Website: https://www.thedissenter.net/ Facebook: https://www.facebook.com/thedissenteryt/ Twitter: https://twitter.com/TheDissenterYT   This show is sponsored by Enlites, Learning & Development done differently. Check the website here: http://enlites.com/   Dr. Steve Keen is former Associate Professor of Economics at University of Western Sydney, and former Professor and Head of the School of Economics, History and Politics at Kingston University in London. He is now an independent researcher in Economics, as well as a Distinguished Research Fellow at the Institute for Strategy Resilience & Security at University College London. He is the author of several books, the latest one being Rebuilding Economics from the Top Down. In this episode, we focus on Rebuilding Economics from the Top Down. We first discuss what economics is and its role in society, and the main tenets of mainstream economics, with a focus on supply and demand. We also discuss why these ideas are mainstream, and its real-life consequences. We talk about the 2008 economic crisis and how it should have been dealt with. We talk about an alternative approach to economics based on complex systems theory, and explore the example of how employment rates and wages evolve over time. We also discuss debt, inflation, how prices are determined, how money is created, and the role of banks. We talk about what GDP is, and the differences between financial capitalism and industrial capitalism. Finally, we discuss the risks associated with climate change, and economic solutions to it. -- A HUGE THANK YOU TO MY PATRONS/SUPPORTERS: PER HELGE LARSEN, JERRY MULLER, BERNARDO SEIXAS, ADAM KESSEL, MATTHEW WHITINGBIRD, ARNAUD WOLFF, TIM HOLLOSY, HENRIK AHLENIUS, FILIP FORS CONNOLLY, DAN DEMETRIOU, ROBERT WINDHAGER, RUI INACIO, ZOOP, MARCO NEVES, COLIN HOLBROOK, PHIL KAVANAGH, SAMUEL ANDREEFF, FRANCIS FORDE, TIAGO NUNES, FERGAL CUSSEN, HAL HERZOG, NUNO MACHADO, JONATHAN LEIBRANT, JOÃO LINHARES, STANTON T, SAMUEL CORREA, ERIK HAINES, MARK SMITH, JOÃO EIRA, TOM HUMMEL, SARDUS FRANCE, DAVID SLOAN WILSON, YACILA DEZA-ARAUJO, ROMAIN ROCH, DIEGO LONDOÑO CORREA, YANICK PUNTER, CHARLOTTE BLEASE, NICOLE BARBARO, ADAM HUNT, PAWEL OSTASZEWSKI, NELLEKE BAK, GUY MADISON, GARY G HELLMANN, SAIMA AFZAL, ADRIAN JAEGGI, PAULO TOLENTINO, JOÃO BARBOSA, JULIAN PRICE, EDWARD HALL, HEDIN BRØNNER, DOUGLAS FRY, FRANCA BORTOLOTTI, GABRIEL PONS CORTÈS, URSULA LITZCKE, SCOTT, ZACHARY FISH, TIM DUFFY, SUNNY SMITH, JON WISMAN, WILLIAM BUCKNER, PAUL-GEORGE ARNAUD, LUKE GLOWACKI, GEORGIOS THEOPHANOUS, CHRIS WILLIAMSON, PETER WOLOSZYN, DAVID WILLIAMS, DIOGO COSTA, ANTON ERIKSSON, ALEX CHAU, AMAURI MARTÍNEZ, CORALIE CHEVALLIER, BANGALORE ATHEISTS, LARRY D. LEE JR., OLD HERRINGBONE, MICHAEL BAILEY, DAN SPERBER, ROBERT GRESSIS, IGOR N, JEFF MCMAHAN, JAKE ZUEHL, BARNABAS RADICS, MARK CAMPBELL, TOMAS DAUBNER, LUKE NISSEN, KIMBERLY JOHNSON, JESSICA NOWICKI, LINDA BRANDIN, NIKLAS CARLSSON, GEORGE CHORIATIS, VALENTIN STEINMANN, PER KRAULIS, KATE VON GOELER, ALEXANDER HUBBARD, BR, MASOUD ALIMOHAMMADI, JONAS HERTNER, URSULA GOODENOUGH, DAVID PINSOF, SEAN NELSON, MIKE LAVIGNE, JOS KNECHT, ERIK ENGMAN, LUCY, YHONATAN SHEMESH, MANVIR SINGH, PETRA WEIMANN, PEDRO BONILLA, CAROLA FEEST, AND STARRY! A SPECIAL THANKS TO MY PRODUCERS, YZAR WEHBE, JIM FRANK, ŁUKASZ STAFINIAK, TOM VANEGDOM, BERNARD HUGUENEY, CURTIS DIXON, BENEDIKT MUELLER, THOMAS TRUMBLE, KATHRINE AND PATRICK TOBIN, JONCARLO MONTENEGRO, AL NICK ORTIZ, NICK GOLDEN, AND CHRISTINE GLASS! AND TO MY EXECUTIVE PRODUCERS, MATTHEW LAVENDER, SERGIU CODREANU, BOGDAN KANIVETS, ROSEY, AND GREGORY HASTINGS!

This is an edited version of live discussion, with Professor Steve Keen. Steve Keen is an Australian economist and author, highly critical of neoclassical economics as inconsistent, unscientific, and empirically unsupported. Mainstream economist have in effect damaged society and the planet because of what they don’t know!. There are better ways to think about what’s … Continue reading "DFA Live Q&A HD Replay: Steve Keen: Why Real World Economics Matters!"

Welcome to episode 151 of Activist #MMT. Today I talk with five of my Torrens classmates about our first year in the new graduate program – its importance, some fond memories, and a few improvements we hope to see. In part two we discuss the job guarantee from a now-much more educated point of view. (Here's a link to part 2. A list of the audio chapters in this episode can be found right below.) My guests are Gabie Bond who, along with Professor Steven Hail is the program's administrator, and all-around wonderful person. Susan Borden is the student-matriarch who is taking classes faster than anybody else, and may very well be the first graduate of the Master's program, in a class, literally, all by herself. Tom Foster is an insightful classmate who convinced me to change a major aspect of my view of the job guarantee, as discussed in part two. John Haly is a classmate and very good friend with whom, along with Susan, I've spent many a virtual hour talking and just quietly getting work done. Jackson Winter is a longtime collaborator on many different projects, from audio production to administering the primary private social platform (Discord) for our Torrens classmates, and creating major resources for current and future classmates to take advantage of. He's also a former guest on my podcast. This episode was recorded in late July of last year. Its release was delayed by my taking a demanding course at Torrens, switching careers, and by having to prioritize the release of the Steve Keen and Maren Poitras episodes. Thanks to all my guests for their patience. And now, onto our conversation. Audio chapters --- Welcome to episode 152 of Activist #MMT. Today's part two of my conversation with five of my Torrens classmates, this time about the job guarantee, from a now-much more educated point of view, given our experience at Torrens. We are also joined by John's wife, Martha, who is highly educated on topics related to the job guarantee. Here's a link to part one. But for now, let's get right back to our conversation. Audio chapters 2:40 - Hellos 5:38 - Susan first impressions 8:17 - What have you taken? What will you take? starting with Tom 11:35 - John 12:20 - Conflict between microeconomics and ecological economics 16:06 - John's classes 17:31 - Jackson classes 19:49 - Susan classes and response to John 23:18 - Susan and micro response, upcoming classes 23:57 - Steven and Gabie visiting the US 25:37 - Gabie's perspective of the first year as administrator. 28:17 - When will the final class of the initial set begin? 30:22 - Considering project-oriented electives 31:32 - The extra-curricular activities taken on by Torrens students (download directory, framing discussions) 37:27 - Framing discussions 38:42 - Between-trimester ideas 40:03 - Download directory, ramping-up advice, modern money lab resource repository 42:45 - Susan: Framing, messaging, and etc. 47:29 - Susan: Integrating Mazzucato's "Mission" 48:33 - Gregory Hayden's taxonomy 53:36 - Hayden's taxonomy final point 54:00 - Tom: more interactivity with classmates 55:34 - Final thoughts 57:09 - John: final thoughts 1:01:42 - Duplicate of introduction, with no background music (for those with sensitive ears)

Welcome to episode 151 of Activist #MMT. Today I talk with five of my Torrens classmates about our first year in the new graduate program – its importance, some fond memories, and a few improvements we hope to see. In part two we discuss the job guarantee from a now-much more educated point of view. (Here's a link to part 2. A list of the audio chapters in this episode can be found right below.) My guests are Gabie Bond who, along with Professor Steven Hail is the program's administrator, and all-around wonderful person. Susan Borden is the student-matriarch who is taking classes faster than anybody else, and may very well be the first graduate of the Master's program, in a class, literally, all by herself. Tom Foster is an insightful classmate who convinced me to change a major aspect of my view of the job guarantee, as discussed in part two. John Haly is a classmate and very good friend with whom, along with Susan, I've spent many a virtual hour talking and just quietly getting work done. Jackson Winter is a longtime collaborator on many different projects, from audio production to administering the primary private social platform (Discord) for our Torrens classmates, and creating major resources for current and future classmates to take advantage of. He's also a former guest on my podcast. This episode was recorded in late July of last year. Its release was delayed by my taking a demanding course at Torrens, switching careers, and by having to prioritize the release of the Steve Keen and Maren Poitras episodes. Thanks to all my guests for their patience. And now, onto our conversation. Audio chapters --- Welcome to episode 152 of Activist #MMT. Today's part two of my conversation with five of my Torrens classmates, this time about the job guarantee, from a now-much more educated point of view, given our experience at Torrens. We are also joined by John's wife, Martha, who is highly educated on topics related to the job guarantee. Here's a link to . But for now, let's get right back to our conversation. Audio chapters 2:40 - Hellos 5:38 - Susan first impressions 8:17 - What have you taken? What will you take? starting with Tom 11:35 - John 12:20 - Conflict between microeconomics and ecological economics 16:06 - John's classes 17:31 - Jackson classes 19:49 - Susan classes and response to John 23:18 - Susan and micro response, upcoming classes 23:57 - Steven and Gabie visiting the US 25:37 - Gabie's perspective of the first year as administrator. 28:17 - When will the final class of the initial set begin? 30:22 - Considering project-oriented electives 31:32 - The extra-curricular activities taken on by Torrens students (download directory, framing discussions) 37:27 - Framing discussions 38:42 - Between-trimester ideas 40:03 - Download directory, ramping-up advice, modern money lab resource repository 42:45 - Susan: Framing, messaging, and etc. 47:29 - Susan: Integrating Mazzucato's "Mission" 48:33 - Gregory Hayden's taxonomy 53:36 - Hayden's taxonomy final point 54:00 - Tom: more interactivity with classmates 55:34 - Final thoughts 57:09 - John: final thoughts 1:01:42 - Duplicate of introduction, with no background music (for those with sensitive ears)

EP 305 - welcome to a very special episode where we look back at some of our favourite guests and give you parts of the conversations which didn't quite make the final cut, but we think need to be heard.We speak to:Allen Simpson - former Managing Director of London & Partners - about the aftermath and implications of Brexit for LondonVictoria Jenkins -award-winning adaptive designer and founder of Unhidden - about disability representation and the correct use of languageSteve Keen - economist, professor and award-winning author - about debunking economic models, private Debt, and explaining the Modern Monetary TheoryGrace Blakeley - author and commentator on economics and politics - about community led economic models, and the European economic dilemma.Chapters:00:00 Friends of BWB00:38 Brexit's Impact on London's Economy08:20 The Complexities of Disability Representation16:05 Debunking Economic Norms with Steve Keen19:25 The 'The Big Short' and Meeting Real-Life Characters20:16 Breaking Down Economic Theories22:05 Debunking Neoclassical Economics & Private Debt26:06 Modern Monetary Theory and Its Implications31:51 Community-Based Economic Models36:41 Concluding Thoughts on Economics, Politics, and Societybusinesswithoutbullshit.meFollow us:YouTubeInstagramTikTokLinkedinTwitterIf you'd like to be on the show, get in contact - mail@businesswithoutbullshit.meBWB is powered by Oury Clark

The Bank of Japan has just lifted interest rates for the first time in 17 tears. The central bank has kept rates in negative territory in the mistaken belief that it would encourage banks to lend an people to borrow, helping to boost their flagging economy. Steve Keen says it's based on the mistaken belief that banks lend money from their reserve accounts. They believed that by charging to hold onto the money banks will prefer to lend it out. If that was the case, the policy has been a dismal failure, with bank lending falling over the years the policy has been in place. So what next for a country with a shrinking, ageing population and massive private debt. Hosted on Acast. See acast.com/privacy for more information.

On this episode of the podcast I speak with UCL Honorary Professor of Economics and ISRS Distinguished Research Fellow Steve keen. Steve famously predicted the 2008 market crash. He is also known for his criticism of modern economic theory, which he views as being inconsistent, unscientific, and empirically unsupported. He is currently working on a new science of economics built upon incontrovertible facts. We discuss the history of economic theory, the problems with neoclassical economics, and the way that our economic theory causes environmental destruction.  ►Watch on YouTube:  https://youtu.be/Ma_TiVNa9wE ►Find out more about Steve's work:  profstevekeen.substack.com/ www.profstevekeen.com ►Support Steve on Patreon: https://www.patreon.com/ProfSteveKeen or Substack https:// ►Follow Steve on YouTube:  https://www.youtube.com/@ProfSteveKeen  These conversations are supported by the Andrea von Braun foundation (http://www.avbstiftung.de/), as an exploration of the rich, exciting, connected, scientifically literate, and (most importantly) sustainable future of humanity. The views expressed in these episodes are my own and those of my guests.

Rethinking Economics is all about questioning the core foundations of economics. This series questions economic orthodoxy to better understand the forces and shifts shaping our society and the world. Together, we'll interrogate things like the efficacy of economic models, if mainstream assumptions are always correct, and why the ideas and concepts you learn about in textbooks may lead you astray. For our inaugural discussion of the series, we will be talking to our returning guest, and one of my favorite economists, Dr. Steve Keen. Our talk was recorded in March of 2024, and is hosted by me, Nathan Greene, a researcher here at the Henry George School. Many people, including myself, don't fully understand monetary theory or monetary economics. Admittedly, it's quite confusing. There are a lot of dynamics at play from banks, to households, money, and central banks, just to name a few. If you ever learned the terms money multiplier, monetary base, or reserve requirement ratio, but are not really sure what it means, you're not alone.  Dr. Keen is an expert on the dynamics of monetary economics and macroeconomics. We'll explore his critiques of the efficient market hypothesis to his more recent analyses of debt dynamics and financial instability. Together, we talked about the shortcomings of conventional economic thinking, and why it's so damaging not just to the economy, but the planet as well. By questioning fundamental assumptions, he invites us to reconsider our approach to economic policy and reshape our vision of a more equitable and sustainable future. At a time when the world is largely ignoring calls to abandon fossil fuels and the green transition feels painstakingly slow, his ideas and critiques feel more important now than ever before.  Dr. Keen received his bachelor's degree from the University of Sydney and went on to complete his master's and Ph.D. in Economics and Economic History from the University of New South Wales. He is the author of several books on economics, of which the two most famous are "Debunking Economics" and "The New Economics: A Manifesto." Both critique conventional economic theory. We were even lucky enough to hear about his upcoming book, "Rebuilding Economics from the Top Down." Dr. Keen has taught at the University of Western Sydney and Kingston University in London. He is currently leading the development of a software package called Minsky, a dynamics-based visualization tool for macroeconomic modeling. To check out more of our content, including our research and policy tools, visit our website: https://www.hgsss.org/ --- Support this podcast: https://podcasters.spotify.com/pod/show/smart-talk-hgsss/support

The UK Chancellor Jeremy Hunt delivered what is almost certainly his last budget, promising the usual stuff – more investment, more jobs, better public services and lower taxes. And, miraculously, all of this will be achieved by lowering government spending. Despite the rubbery figures, Steve Keen argues that the budget ignores the key principle, that you can't increase GDP if the government is cutting back on money creation by trying to reduce its “deficit”. A get-out clause on that would be if the country was to see a sudden increase in the export/import ratio. That is in the budget figures, without any explanation as to how that'll happen. So, what does a Steve Keen UK budget look like? Hosted on Acast. See acast.com/privacy for more information.

The UK Debt Office has started selling bonds to retail investors through the primary market Previously the only way you could buy government bonds was through financial institutions, through ETFs, for example. The reason giving for opening it up to consumers is that it will allow them to “contribute more significantly to meeting the overall financing requirement”. Hat makes it sound like they are concerned that there won't be sufficient demand from institutional investors, including the banks. Steve Keen says what they probably don't understand is this move will actually shrink the amount of money in circulation. That's probably a bad move in a stagnant economy. To make matters worse, they ar ehell bent on selling off the government's shareholding of the Nat West group, which will have a similar impact. Listen in to find out how and why. Hosted on Acast. See acast.com/privacy for more information.

Elon Musk has his fingers in many pies. Social media, space travel, internet access, AI. Even tunnel drilling. He's grown from developing a modest series of online city guides, to being one of the richest men on the planet. Is he a genius, or simply a Trumpesque style wheeler and dealer? This week phil – not a big fan – asks Steve – massive fan – whether Elon Musk is actually good for humanity. It's a chance for Steve to expound his theory that whatever else he is doing he is preparing the way for mankind to leave the planet and live on Mars. Disturbing news for Phil, who quite like it here, mostly. Hosted on Acast. See acast.com/privacy for more information.

Welcome to episode 148 of Activist #MMT. Today I talk with post-Keynesian economist Steve Keen about his decades-long fight against mainstream economics, what MMT convinced him of, and the couple parts of MMT he still disagrees with. This first part is a half-hour long audio interview, which will be followed next month by an hour-and-a-half-long video interview, where Steve walks me through the basics of his Minsky modeling software, and why he believes it's an important tool for MMTers. (Here's a link to PART TWO. A list of the audio chapters in this episode can be found right below.) MMT and Steve are in complete agreement with how banks spend (lend money into existence). After reading Stephanie Kelton's book in 2020, Steve realized that government spending also creates money. National governments don't tax in order to spend, they spend in order to tax. Steve quickly created a Minsky model convincing himself that MMT is indeed correct regarding this. This insight is also completely compatible with his understanding of bank spending. As far as Steve's disagreements with MMT, they are important, and Steve lays them out in detail in the last ten-or-so minutes of this episode. But let it be known that they are far from core issues. In other words, the amount of agreement is far greater. It's good to understand what these disagreements are, but as Steve says, we have much bigger fish to fry. This is the first main episode of Activist #MMT since August. Although I've released three chapters from John Harvey's readings of his book Contending Perspectives (with lots more to come!), the past six months have been all consuming, starting with my third Torrens course – which was coincidentally taught by John on that very book. It was both incredibly enlightening and unbelievably exhausting. I've also become a full-time musician. I now sing several times each week at retirement communities and related facilities (independent living, assisted-living, nursing homes, etc.). Coincidentally, back in July, I met Steve in person for dinner in Princeton, New Jersey, which is about an hour north of my home. After dinner and conversation, Steve gave me an initial walk-through of Minsky. We ended the night with me singing a few songs on the sidewalk – just me, my phone, and a little Bluetooth speaker. At the very end of today's episode, after the closing theme music, you'll hear a small highlight from that experience. You can check out my singing website at seejeffsing.com. And now, onto my conversation with Steve Keen. Enjoy. Audio chapters 4:24 - Hellos, and the plan 5:53 - His journey fighting mainstream, and, in 2020, to MMT 8:19 - Marx's view of money, Steve's PhD, Minsky's financial instability hypothesis, double entry bookkeeping, thinking of government spending differently 9:43 - Modeling money properly with double entry bookkeeping 10:49 - Discovering MMT in 2020, which changed his view on government spending 12:56 - Mild criticism of MMT's consolidated view 14:29 - Money creation is the expansion of balance sheets. The same thing happens on both the asset and liability side. If it ONLY happens on the liability side, it's a liability swap it. If it ONLY happens on the asset side, it's an asset swap. 16:42 - Regarding government money creation, how does your model distinguish between money creation and the supposed recycling of collected money? 19:12 - The only insight MMT gave Steve was that government spending creates money. All his work on banking is exactly compatible. 20:09 - Steve's two disagreements with MMT 21:31 - Disagreement 1: MMT says that in general, imports are a benefit and experts are a cost. 25:48 - Disagreement 2: The JG and UBI are actually complementary 27:59 - A dangerous follow up question: danger of UBI is that it could undermine the job guarantees Price anchor. Steve's response: the UBI would need to be below the job guarantee wage 30:25 - Have you modeled these disagreements in Minsky to confirm your view? Answer: no. There are simply much bigger fish to fry. 31:16 - Goodbyes for audio portion, transitioning to video 34:38 - Singing for Steve on a sidewalk in Princeton 36:01 - Duplicate of introduction, with no background music (for those with sensitive ears)

Welcome to episode 148 of Activist #MMT. Today I talk with post-Keynesian economist Steve Keen about his decades-long fight against mainstream economics, what MMT convinced him of, and the couple parts of MMT he still disagrees with. This first part is a half-hour long audio interview, which will be followed next month by an hour-and-a-half-long video interview, where Steve walks me through the basics of his Minsky modeling software, and why he believes it's an important tool for MMTers. (Here's a link to PART TWO. A list of the audio chapters in this episode can be found right below.) MMT and Steve are in complete agreement with how banks spend (lend money into existence). After reading in 2020, Steve realized that government spending also creates money. National governments don't tax in order to spend, they spend in order to tax. Steve quickly created a Minsky model convincing himself that MMT is indeed correct regarding this. This insight is also completely compatible with his understanding of bank spending. As far as Steve's disagreements with MMT, they are important, and Steve lays them out in detail in the last ten-or-so minutes of this episode. But let it be known that they are far from core issues. In other words, the amount of agreement is far greater. It's good to understand what these disagreements are, but as Steve says, we have much bigger fish to fry. This is the first main episode of Activist #MMT since August. Although I've released three chapters from John Harvey's readings of his book Contending Perspectives (with lots more to come!), the past six months have been all consuming, starting with my third Torrens course – which was coincidentally taught by John on that very book. It was both incredibly enlightening and unbelievably exhausting. I've also become a full-time musician. I now sing several times each week at retirement communities and related facilities (independent living, assisted-living, nursing homes, etc.). Coincidentally, back in July, I met Steve in person for dinner in Princeton, New Jersey, which is about an hour north of my home. After dinner and conversation, Steve gave me an initial walk-through of Minsky. We ended the night with me singing a few songs on the sidewalk – just me, my phone, and a little Bluetooth speaker. At the very end of today's episode, after the closing theme music, you'll hear a small highlight from that experience. You can check out my singing website at . And now, onto my conversation with Steve Keen. Enjoy. Audio chapters 4:24 - Hellos, and the plan 5:53 - His journey fighting mainstream, and, in 2020, to MMT 8:19 - Marx's view of money, Steve's PhD, Minsky's financial instability hypothesis, double entry bookkeeping, thinking of government spending differently 9:43 - Modeling money properly with double entry bookkeeping 10:49 - Discovering MMT in 2020, which changed his view on government spending 12:56 - Mild criticism of MMT's consolidated view 14:29 - Money creation is the expansion of balance sheets. The same thing happens on both the asset and liability side. If it ONLY happens on the liability side, it's a liability swap it. If it ONLY happens on the asset side, it's an asset swap. 16:42 - Regarding government money creation, how does your model distinguish between money creation and the supposed recycling of collected money? 19:12 - The only insight MMT gave Steve was that government spending creates money. All his work on banking is exactly compatible. 20:09 - Steve's two disagreements with MMT 21:31 - Disagreement 1: MMT says that in general, imports are a benefit and experts are a cost. 25:48 - Disagreement 2: The JG and UBI are actually complementary 27:59 - A dangerous follow up question: danger of UBI is that it could undermine the job guarantees Price anchor. Steve's response: the UBI would need to be below the job guarantee wage 30:25 - Have you modeled these disagreements in Minsky to confirm your view? Answer: no. There are simply much...

The concept of American Exceptionalism has been talked about for decades, mainly by Americans. Now the term is back in vogue because the US has shown the fastest recovery from the pandemic and subsequent inflation. It's also a period of intense speculation in US shares, driven by phenomenal rises in the value of big tech stocks. Is this something the rest of the world should be worried about. Is American Exceptionalism real? To put things back in perspective Steve Keen reminds us that the share market is nothing more than a Ponzi scheme, and whilst the US might account for 70% of the market cap of global equities, it still only represents 11% of world trade. So it might just be exceptional at the wrong things. Hosted on Acast. See acast.com/privacy for more information.

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On this episode, economist Steve Keen offers a deep forensic history of why modern economic theory has neglected the role of energy in productivity - and why this “Energy Blindness” is now a major blindspot in how our culture views the present - and the future.  The massive, temporary carbon surplus we've extracted over the last few centuries has resulted in an exponential increase in the standard of living for many. This explosion of global economic growth also happened to coincide with the development of all modern economic theories and formulas, leading to a core misunderstanding in the way our economies are powered. How have technology and innovation been used to cover up the role of a growing energy supply in the last century of rising prosperity? In the midst of discussions between value and labor, where does energy really fit into the equation? Where do we go once we understand the true role of energy in our economy - and will we have the ability to reshape economic policies to be in line with our energy realities? About Steve Keen Steve Keen is an economist, author of Debunking Economics and The New Economics: A Manifesto. His new book, Rebuilding Economics from the Top Down, will be released in 2024. He is a Research Fellow at the Institute for Strategy, Resilience, and Security at University College in London. Steve was one of the handful of economists to realize that a serious economic crisis was imminent, and to publicly warn of it from as early as December 2005. This, and his pioneering work on modeling debt-deflation, resulted in him winning the Revere Award from the Real World Economics Review. Watch on YouTube: https://youtu.be/lrMWSkzrMYg Show notes, and more info: https://www.thegreatsimplification.com/episode/108-steve-keen 

Today's discussion came from our archives and was recorded in July of 2023. Our talk is hosted by Ed Dodson, a long-time faculty member here at the Henry George School, who is joined by our guest Mr. Lars Doucet. Mr. Doucet is a consultant, blogger, entrepreneur, game developer, and currently the Director of Outreach for Common Ground USA. As a consultant, Lars has been accredited with developing numerous video games and software packages, such as Defender's Quest and Super Energy Apocalypse. He is also the founder of Geo Land Solutions, which appraises large tracts of land to better calibrate land values and taxes more equitably. Mr. Doucet recently published his first book: Land is a Big Deal, where he explores Georgist ideas, such as rent, natural resource extraction, and collectivism.   As economies move away from being mostly industrial, they grow in complexity. You've probably heard of financialization, the phenomenon of how finance becomes increasingly intertwined with the real economy. But this is only one layer to this growing complexity. Technology has also changed the economy, everything is becoming digitalized as analog machines and processes become obsolete. All of this adds up to a highly complex economy that becomes increasingly hard to understand and comprehend. Older economic models were once capable of understanding the economy in its less complex form. But as technology and the economy become more advanced, these frameworks and analyses becoming increasingly similar to the “vulgar economics” we talked about last week. These models are often linear, can't capture human or societal behavior, and fail to predict crises. Critics of mainstream economics, like Mr. Doucet or, most prominently, Steve Keen, advocate for a new framework for our economic models. One new method embraces “system dynamics”, a computer science and mathematical modeling technique showing how actors within complex systems, say industrial workers in a factory, interact with other fixtures or incentives in the system. Unlike other frameworks, proponents of system dynamics believe these models can better understand how feedback loops are created, how changes in incentives or behaviors lead to changes in the system as a whole, or how dynamic or evolutionary the economy is. As a video game designer, Lars created educational games that utilize system dynamics. When observing the games he designed, Lars often noticed how the economy in the game would lead to recessions or economic downturns. With an understanding of how the system would work, Mr. Doucet would then suggest changes similar to Georgist policy that would then ameliorate the recession. This led him to better understand the importance of Georgist policy in our complex world.   Mr. Doucet earned his bachelor's and master's degrees from Texas A&M University in Visual Sciences.   Together, we discussed how Mr. Doucet came to his Georgist epiphany, how speculation leads to inequality and economic downturns, and how proper appraisal of land values can lead to beneficial downstream effects. To check out more of our content, including our research and policy tools, visit our website: https://www.hgsss.org/ --- Support this podcast: https://podcasters.spotify.com/pod/show/smart-talk-hgsss/support

Christian talks to Mark Diesendorf, a physicist and professor in the Environment & Society Group at the University of New South Wales, about the economics underpinning his latest book, “The Path To An Ecologically Just Civilisation”.   Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast     All our episodes in chronological order: https://www.patreon.com/posts/43111643   All our patron-only episodes: https://www.patreon.com/posts/57542767     LIVE EVENTS! A presentation by Bill Mitchell (London, January 26): https://www.eventbrite.co.uk/e/gimms-event-professor-bill-mitchell-tickets-788915095287 Economics Of The Real World (Edinburgh, 21st March 2024): https://scotonomics.scot/live-events/ Scotonomics Festival Of Economics (Dundee, Scotland, 22-24th March 2024): https://scotonomics.scot/live-events/   STUDY THE ECONOMICS OF SUSTAINABILITY! Details of Modern Money Lab's online graduate, postgraduate and standalone courses in economics are here: https://modernmoneylab.org.au/     Relevant to this episode: Buy “The Path to a Sustainable Civilisation: Technological, Socioeconomic and Political Change” by Mark Diesendorf & Rod Taylor:  https://www.amazon.co.uk/Path-Sustainable-Civilisation-Technological-Socioeconomic/dp/9819906628/ For more on the mechanics of the banking system, see “Episodes on monetary operations” (below) “The appallingly bad neoclassical economics of climate change” by Steve Keen: https://www.researchgate.net/publication/344034609_The_appallingly_bad_neoclassical_economics_of_climate_change   For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318   Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Quick explanation of government debt and deficit: “Some Numbers Are Big. Let Me Help You Get Over It”: https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/     For a short, non-technical, free ebook explaining MMT, download Warren Mosler's “7 Deadly Innocent Frauds Of Economic Policy” here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf     Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929      Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558   Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Quick read: Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/     More on government bonds (and “vigilantes”): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true   More on bank runs: Episode 162 - Warren Mosler: Anatomy Of A Bank Run: https://www.patreon.com/posts/80157783?pr=true Episode 163 - L. Randall Wray: Breaking Banks - The Fed's Magical Monetarist Thinking Strikes Again: https://www.patreon.com/posts/80479169?pr=true Episode 165 - Robert Hockett: Sparking An Industrial Renewal By Building Banks Better: https://www.patreon.com/posts/81084983?pr=true MMT founder Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html     MMT Events And Courses: More information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/     Order the Gower Initiative's “Modern Monetary Theory - Key Insights, Leading Thinkers”: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html   MMT Academic Resources compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies   MMT scholarship compiled by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship     A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757     We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos   Show notes: https://www.patreon.com/posts/95792606?pr=true

The UK government has been refusing the pay demands of young doctors in the UK who held a series of strikes in 2023. Their argument is that pay has been declining in real-terms since 2008. Unless pay catches-up there will continue to be a drain of new recruits, which will impact patient safety and put undue pressure on those left working in the NHS. Steve Keen says the government's argument – that there just isn't the money – ignores the ability for sovereign nations to create new money. There's an argument that if you create too much it will create inflation, but that applies more to the generation of excess demand for goods and services. Nobody chooses to go to hospital. So, is the government's end-game to destabilise the NHS and force more private health provision, so less of the cost appears on their balance sheet? Hosted on Acast. See acast.com/privacy for more information.

Last year net migration in the UK reached 745,000 people. A new record, which amount to more than 1% growth in the population. It's an unsustainable population growth but Steve Keen argues growth on the planet as a whole is unsustainable. He worries that as climate change destroys food production migrants and UK locals alike will be queuing for relief flights to Rwanda. Climate aside, what is the impact of migration on the economy. It's helping recipient economies by boosting GDP, often through lower page jobs for the migrant workers. Meanwhile the origin nations are losing workers and expertise, inhibiting their ability to develop. Is part of the solution more control on wages, so local workers are more willing to take on jobs left to migrants? That could slow the migration, encourage foreign workers to build their domestic economies and control the population growth in developed nations. Is that the logical way forward? Hosted on Acast. See acast.com/privacy for more information.

George Osbourne was the UK Chancellor wedded to austerity. “More cuts, more difficult decisions” he said at the start of 2014, as he struggled to get the British budget back into surplus. But regular listeners to this podcast know that a government budget in surplus is sucking money out of the economy. Steve Keen reminds us of the logic that shows austerity does nothing except cause damage. Phil talks through some of that damage, including cuts to public services, a shortage of UK life expectancy, even an increase in hate crime. But, weirdly, the country is still facing austerity. Not through a lack of government spending, but through a high level of taxation. People are still struggling, and the economy is on a fast road to nowhere, whilst other countries follow suit. Hosted on Acast. See acast.com/privacy for more information.

https://www.youtube.com/watch?v=1q8wgMQjDFI #2023 #art #music #movies #poetry #poem #photooftheday #volcano #news #money #food #weather #climate #monkeys #horse #puppy #fyp #love #instagood #onelove #eyes #getyoked #horsie #gotmilk #book #shecomin #getready

Get your DEMYSTICON 2024 tickets here: https://www.eventbrite.com/e/demysticon-2024-tickets-727054969987 Dr. Michael Hudson is an American economist, Professor of Economics at the University of Missouri–Kansas City and a researcher at the Levy Economics Institute at Bard College, former Wall Street analyst, political consultant, commentator and journalist. Dr. Steve Keen is an Australian economist and author. A post-Keynesian, he criticizes neoclassical economics as inconsistent, unscientific and empirically unsupported. Our conversation examines the false dichotomy of capitalism v. socialism and considers the true dichotomy, which is industrial capitalism v. finance capitalism. Hudson and Keen argue that the transition to finance capitalism, where unearned income is considered economic growth, has truly sown the seeds to ruin the world. Tell us what you think in the comments or on our Discord: https://discord.gg/MJzKT8CQub Sign up for a yearly Patreon membership for discounted conference tickets: https://bit.ly/3lcAasB Support DSPod and the guests when you pick up their books here: Hudson books: https://amzn.to/3Sx6k43 Keen books: https://amzn.to/3MFJ14i (00:00:00) Go! (00:00:19) What we're really talking about is finance capitalism (00:03:25) What is Capitalism? (00:17:55) Was the end of the Happy Days inevitable? (00:28:50) A more nuanced dichotomy than capitalism vs socialism (00:36:02) Why does GDP still manage to slow down? (00:46:32) Why is debt so stifling? (00:55:29) What happens to the money that accumulates at the top (01:01:39) The shape of global financial pressure (01:11:02) Modern examples of debt jubilees (01:19:12) Solutions without collapse? (01:23:13) Persistent economic myths (01:45:38) Strange realities of cancelling student debt (02:03:40) Financializing the basic structures of society (02:15:07) How to structure the next iteration (02:27:48) Doomer optimism (02:33:47) A new, more effective state (02:39:25) Closing thoughts #FinanceCapitalism, #EconomicInequality, #WealthGap, #CorporateGreed, #FinancialSystem, #CapitalismCritique, #IncomeInequality, #GlobalFinance, #FinancialCrises, #EconomicInjustice, #WealthDistribution, #CapitalismFlaws, #FinancialDeregulation, #EconomicCollapse, #SocialJustice, #CorporatePower, #FinancialManipulation, #MarketFailures, #FinancialInsecurity, #SystemicInequality Check our short-films channel, @DemystifySci: https://www.youtube.com/c/DemystifyingScience AND our material science investigations of atomics, @MaterialAtomics https://www.youtube.com/@MaterialAtomics Join our mailing list https://bit.ly/3v3kz2S PODCAST INFO: Anastasia completed her PhD studying bioelectricity at Columbia University. When not talking to brilliant people or making movies, she spends her time painting, reading, and guiding backcountry excursions. Shilo also did his PhD at Columbia studying the elastic properties of molecular water. When he's not in the film studio, he's exploring sound in music. They are both freelance professors at various universities. - Blog: http://DemystifySci.com/blog - RSS: https://anchor.fm/s/2be66934/podcast/rss - Donate: https://bit.ly/3wkPqaD - Swag: https://bit.ly/2PXdC2y SOCIAL: - Discord: https://discord.gg/MJzKT8CQub - Facebook: https://www.facebook.com/groups/DemystifySci - Instagram: https://www.instagram.com/DemystifySci/ - Twitter: https://twitter.com/DemystifySci MUSIC: -Shilo Delay: https://g.co/kgs/oty671

Steve Keen joins Bob to commiserate on the poverty of Paul Krugman, and to make the case for Hyman Minksy. An all around fun, informative conversation.Mentioned in the Episode and Other Links of Interest:The YouTube version of this interview.Steve Keen's substack and Patreon.Steve Keen's Debunking Economics podcast.Gene Callahan and Bob Murphy review of Keen's Debunking Economics.Bob's article on Paul Samuelson's "A Summing Up" (from the Cambridge Capital Controversy).Bob's article on Eugene Fama on the housing bubble.Bob's critique of Nordhaus' DICE model.Help support the Bob Murphy Show.

Ridhiman Balaji is an economist and activist who has worked with the Anarcho-Syndicalist Review. He also is a serious student of Marxist economics.  He comes on to discuss the misunderstanding between Marxists and anarchists.  Curious about the complex dynamics between Anarchists and Marxists? Eager to understand the nuances of critical ideologies that shaped the course of history? Then join us on Varmblog, where we'll peel back the layers of these intricate philosophical landscapes. We cover a wide range of topics, from Saffrian and non-Saffrian interpretations of Marx to the misunderstood transformation problem issue. Along the way, we'll clarify the differences between various Marxist factions like council communists and Maoists, and dissect both the valid and misinformed critiques of Marx.Our journey continues as we delve into the cogent critique of Marx by renowned economist Steve Keen, as well as the collaborative stance of anti-Marxist economists. We'll probe into the debates surrounding the single-system interpretation and temporal single-system interpretation, discussing the far-reaching implications of Soviet and Maoist economics. We'll also provide insights on pivotal historic events such as the Spanish Civil War and their profound impact on Anarchist-Marxist relations. Finally, we'll grapple with the contentious topic of nationalism within the realms of anarchism and Marxism. We'll unpack the paradox of inventing national identities within the Soviet Union and the history of nationalism in Korea. We'll wrap up our discussion by looking at the early Bolshevik leadership's pursuit of equality among the Soviet Union's diverse polities. So, gear up for an enlightening exploration that promises to deepen your understanding of these influential ideologies. Tune into Varmblog and let the learning begin! Support the showCrew:Host: C. Derick VarnAudio Producer: Paul Channel Strip ( @aufhebenkultur )Intro and Outro Music by Bitter Lake.Intro Video Design: Jason MylesArt Design: Corn and C. Derick VarnLinks and Social Media:twitter: @skepoetYou can find the additional streams on Youtube

Economists like to believe human behaviour is predictable. Otherwise, they probably wouldn't have a job. Steve Keen argue that we do tend to behave like the rest of the herd, but how many herds are there? Phil asks if economists need to develop the sort of demographic segmentation modellers that marketers use? It's certainly a long way from the basic assumption that we all act the same – as one representative agent, driven by fear and greed. But if we develop a more sophisticated approach, predicting behaviour for a number of segments of society, wouldn't we arrive at a model so complicated, so full of assumptions, that it renders the model useless? In other words, can we ever really understand the psychology of human behaviour? Hosted on Acast. See acast.com/privacy for more information.

Get your DEMYSTICON 2024 tickets here: https://www.eventbrite.com/e/demysticon-2024-tickets-727054969987 Steve Keene is a post-Keynesian economist who has spent the last fifty years criticizing mainstream economics as inconsistent, unscientific, and empirically unsupported. As part of his effort to rebuild the discipline with a more complete understanding of the relationship between humans and their environment, Keen has begun developing alternative economic models that could be used to fairly redistribute wealth from the richest 1% to the rest of us, and to accurately evaluate the worth of clean air, clean water, and a healthy biosphere. We talk about the way that almost all civilizations end because of climate change, and what that means for our own world. Check out Steve Keene's work on his YouTube channel https://www.youtube.com/@ProfSteveKeen/videos Check out his podcast at https://debunkingeconomics.com/ 00:00:00 Go! 00:00:23 News and updates 00:04:40 running for office 00:08:15 Politics without money - impossible? 00:13:50 A unique compression of time 00:16:12 Custodians of nature 00:32:09 Climate Change is Inevitable 00:42:17 Controlling populations is a social disaster 00:55:34 A carrot and stick war on drugs 01:09:26 Redesigning economics 01:15:13 Spaceship economics 01:22:41 The energy problem 01:41:52 Speciation 01:51:35 UBI, Motivation & Opposition 02:01:05 An Analytic Foundation 02:15:05 What classical economics got wrong Support the scientific revolution by joining our Patreon: https://bit.ly/3lcAasB Tell us what you think in the comments or on our Discord: https://discord.gg/MJzKT8CQub #economics #prices #carboncredits #neokeyensian #newschool #neweconomics #neweconomy #debunkingeconomics #economy #econ101 Check our short-films channel, @DemystifySci: https://www.youtube.com/c/DemystifyingScience AND our material science investigations of atomics, @MaterialAtomics https://www.youtube.com/@MaterialAtomics Join our mailing list https://bit.ly/3v3kz2S PODCAST INFO: Anastasia completed her PhD studying bioelectricity at Columbia University. When not talking to brilliant people or making movies, she spends her time painting, reading, and guiding backcountry excursions. Shilo also did his PhD at Columbia studying the elastic properties of molecular water. When he's not in the film studio, he's exploring sound in music. They are both freelance professors at various universities. - Blog: http://DemystifySci.com/blog - RSS: https://anchor.fm/s/2be66934/podcast/rss - Donate: https://bit.ly/3wkPqaD - Swag: https://bit.ly/2PXdC2y SOCIAL: - Discord: https://discord.gg/MJzKT8CQub - Facebook: https://www.facebook.com/groups/DemystifySci - Instagram: https://www.instagram.com/DemystifySci/ - Twitter: https://twitter.com/DemystifySci MUSIC: -Shilo Delay: https://g.co/kgs/oty671

Liz Truss is back. She kept a fairly low profile after very short tenure as the UK Prime Minister, but popped up again for a speech at the Institute for Government, arguing that she was right about supply side economics and the need to fight against 25 years of economic consensus. She seems to think if everyone had read Milton Friedman the world would be a better place. There's no surprise that Steve Keen disagrees with almost every point Truss made, but the law of averages suggests she must be right on some things. Phil and Stebe analyse the speech and look for some bits of it that might actually be worthwhile. Whilst, of course, dismantling the rest of it. Hosted on Acast. See acast.com/privacy for more information.

There's a vain hope in investment circles, and amongst politicians, that we can still enjoy economic growth on the road to NetZero. There are those who believe that we can decouple our economic growth from our consumption of fossil fuels. In other words, we can continue to enjoy growth driven capitalism whilst avoiding the impacts of catastrophic climate change. Steve Keen is less convinced. He fits into the zero-growth camp, where the only way to reduce our impact on the planet is to stop increasing our consumption. So, what would that look like? For many people it might not be too different to life now, with vast segments of the population seeing their wages falling and living standards reduced. But the top echelons of society would feel the difference. Also, how do companies innovate if they lose the profit motive. And isn't it all part of some global conspiracy for a new world order controlled by the elite, led by Bill Gates, who is merely a puppet for shape shifting reptilians working to destroy humanity? Hosted on Acast. See acast.com/privacy for more information.

If he managed to stay out of gaol and makes it to the White House, Donald Trump has proposed a flat 10% tariff on all goods coming into America. He's called it the Ring Around the Collar of America – which has led some to suggest the policy is a nasty stain that will be difficult to get out. But as phil Dobbie discovers, Trump has one supporter in the shape of Steve Keen. Steve talks from Hungary, where he is currently on assignment, suggesting this form of protectionism will be good for America. But will it come at the expense of GATT (the General Agreement on Trade and Tariffs). Could we be entering an era when all nations are imposing trade barriers and the prospect of free trade disappears. “I won't be shedding any crocodile tears over that,” says Steve. Listen in to see why Steve is a Trump supporter on this particular issue. Hosted on Acast. See acast.com/privacy for more information.

https://www.youtube.com/watch?v=zn8UthJbsEo&t=5s #2023 #art #music #movies #poetry #poem #food #photooftheday #volcano #news #weather #monkeys #climate #horse #puppy #fyp #love #instagood #onelove #eyes #getyoked #horsie #gotmilk #book #shecomin #getready 

On this Reality Roundtable, Nate is joined by Jon Erickson, Josh Farley, Steve Keen, and Kate Raworth - all of whom are leading thinkers and educators in the field of heterodox economics. In this lively discussion, each guest begins by sharing one fundamental aspect of what conventional economics gets wrong and how it could be improved in our education system. What basic assumptions about humans have led to a misunderstanding of the average person's decision-making? What areas has economics turned a blindspot to as the foundation of our economic systems? Who is finding the models and systems that economists have created useful - and how does economics as a discipline need to change in the face of a lower energy future? In short, what we teach our 18-22 year olds around the world matters - a great deal. About Jon Erickson Jon Erickson is the David Blittersdorf Professor of Sustainability Science & Policy at the University of Vermont. He has published widely on energy and climate change policy, land conservation, watershed planning, environmental public health, and the theory and practice of ecological economics.  He advised presidential candidate Bernie Sanders on economics and energy issues. About Josh Farley Joshua Farley is an ecological economist and Professor in Community Development & Applied Economics and Public Administration at the University of Vermont. He is the President of the International Society for Ecological Economics.  About Steve Keen Steve Keen is an economist, author of Debunking Economics and The New Economics: A Manifesto. He is a Research Fellow at the Institute for Strategy, Resilience, and Security at University College in London. About Kate Raworth Kate Raworth describes herself as a renegade economist focused on making economics fit for 21st century realities. She is the creator of the Doughnut of social and planetary boundaries, and co-founder of Doughnut Economics Action Lab, based on her best-selling book Doughnut Economics: 7 Ways to Think Like a 21st Century Economist. Kate is a Senior Associate at Oxford University's Environmental Change Institute, where she teaches on the Masters in Environmental Change and Management. She is also Professor of Practice at Amsterdam University of Applied Sciences. She is a member of the Club of Rome and currently serves on the World Health Organisation Council on the Economics of Health for All.  For Show Notes and More visit: https://www.thegreatsimplification.com/episode/rr03-erickson-farley-raworth-keen  To watch this video episode on YouTube: https://youtu.be/EC11UQD9q3w  

The UK Chancellor and the Bank of England Governor have called for increases in productivity as a way of helping to brig down inflation. So, not only should workers expect wages to fall in real terms, people should also be doing more per hour worked. Are they dreaming? This week, Steve Keen says you can't increase output without increasing investment in technology and machinery, something the Chancellor is less keen to do. So long as the UK is investment starved, you'll never see a rise in productivity. Hosted on Acast. See acast.com/privacy for more information.

If we ignore the flagrant human rights abuses, there's a lot to admire about China. There economy has grown at an incredibly rate whilst the West has been stagnating. So, what's their secret? Phil quotes Mervyn King, former BoE governor, who spoke to a Chinese central banker and asked that very question. Here what he said, and what Steve Keen thinks is behind China's growth, in this week's podcast. Hosted on Acast. See acast.com/privacy for more information.

Older Brits will be familiar with Bruce Forsythe's Generation. Today everyone is playing the Generation Game, but the young are the one's losing out. They are steeped in debt and faced with the prospect of progressively unaffordable housing. Many of the over 60s meanwhile, have accrued healthy amounts of assets. As Phil Dobbie discusses with Steve Keen much of this we4alth will be passed on, but not everyone will benefit. So intergenerational wealth is adding to the rich-poor gap. Hosted on Acast. See acast.com/privacy for more information.

We know we don't pay a fair price for energy. Energy companies are making a mint because they extract the energy without worrying about most of the externalities – like the impact they are having on the ecology of our planet. But what if they did pay a fair price? Could the economy survive? Phil Dobbie asks Steve Keen if we can fix our problems with the pricing mechanism if there was a way to accurately cost energy. Hosted on Acast. See acast.com/privacy for more information.

Steve Keen has been exposing the ways mainstream neoclassical economists—including winners of the so-called Nobel Prize in Economics— have been arriving at their absurdly optimistic numbers regarding climate change, and they're terrifying. In this interview with Colin Bruce Anthes, Keen goes through prevalent examples in detail and argues that these numbers and the methods behind them must simply be thrown in the garbage.

On this episode of The AUXORO Podcast, Steve Keen and Zach discuss how Steve predicted the 2008 financial crisis and housing collapse, why Neoclassical Economics is more like a Church than a science, whether 'The New Economics' proposed by Steve can pull us back from the brink of climate catastrophe, a trip to Cuba, and the question of "Is Bitcoin money?" Guest Bio: Steve Keen is a heterodox economist and author of 'Debunking Economics' and 'The New Economics: A Manifesto' BONUS EPISODES & PREMIUM ACCESS: https://auxoro.supercast.com/ STEVE KEEN LINKS:Twitter: https://bit.ly/3HTw1WZPatreon: https://www.patreon.com/ProfSteveKeenSubstack: https://profstevekeen.substack.com/YouTube: https://www.youtube.com/@ProfSteveKeenDebunking Economics: https://amzn.to/3v9L3jQThe New Economics: A Manifesto: https://amzn.to/3HPIJWZ THE AUXORO PODCAST LINKS:Apple: https://apple.co/3B4fYju Spotify: https://spoti.fi/3zaS6sPOvercast: https://bit.ly/3rgw70DYoutube: https://bit.ly/3lTpJdjWebsite: https://www.auxoro.com/ AUXORO SOCIAL LINKS:Instagram: https://www.instagram.com/auxoroYouTube: https://bit.ly/3CLjEqFFacebook: https://www.facebook.com/auxoromagNewsletter: https://www.auxoro.com/thesourceYouTube: https://bit.ly/3CLjEqF If you enjoy the show, please consider leaving a short review on Apple Podcasts. It takes less than 60 seconds, helps us appear higher in searches so more people discover the show, and it boosts my ego;) Past Guests On The Auxoro Podcast Include: Aubrey de Grey, Andy Weir, Eben Britton, Eric Jorgenson, Isabelle Boemeke, Houston Arriaga, Jerzy Gregorek, Chris Cooper, Gryffin, Elsa Diaz, Dave Robinson, Meghan Daum, FINNEAS, Chloé Valdary, Coleman Hughes, Maziar Ghaderi, YONAS, Ryan Michler, Ryan Meyer, Gavin Chops, Bren Orton, Zuby, Jason Khalipa, Ed Latimore, Jess Glynne, Noah Kahan, Kid Super, Deryck Whibley, and many more.  

Steve Keen is a heterodox economist and author. Please support this podcast by checking out our sponsors: – Weights & Biases: https://lexfridman.com/wnb – Skiff: https://skiff.org/lex – Indeed: https://indeed.com/lex to get $75 credit – NetSuite: http://netsuite.com/lex to get free product tour – InsideTracker: https://insidetracker.com/lex to get 20% off EPISODE LINKS: Steve's Twitter: https://twitter.com/profstevekeen The New Economics (book): https://amzn.to/3zb4eg4 PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ YouTube Full Episodes: https://youtube.com/lexfridman YouTube Clips: https://youtube.com/lexclips SUPPORT & CONNECT: – Check out the sponsors above, it's the best way to support this podcast – Support on Patreon: https://www.patreon.com/lexfridman – Twitter: